NIFTY Spot View: 19/04/2024
CMP: 21995.85
Moving AVG (EMA) 20 Hour & 40 Hour: 22217 & 22319
Moving AVG (EMA) 20 Day & 40 Day: 22313 & 22184
Support & Downside Range: 21710—21630--21360
Resistance & Upside Range: 21960—22327
Short Term Trend Reversal Level: -- 22780
Trading View Summary:
• In today's gap downs key level to watch is 21710—21630 as support zone.
• After opening if this support zone manage to hold than nifty may try to give some bounce due to oversold RSI in a smaller time frame and in that case nifty can head upside towards 21960 spot levels minimum.
• Whereas after opening if 21710—21630 fail to hold on 30 mins to 1hr sustain basis than downside move gets extend with oversold RSI towards 21360 spot levels.
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